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6 HR Trends in Asia-Pacific

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7/27/22, 2:38 PM 6 HR Trends in Asia-Pacific | HR Exchange Network 1/5 + Filter Categories 6 HR Trends in Asia-Pacific Add bookmark Francesca Di Meglio 04/25/2022 As the world settles into the new normal for lack of a better phrase, Asia Paci{c is reconsidering the traditional workplace and the role of Human Resources. As a result, HR leaders are focused on making transformational change. Certain HR trends are emerging and worth recognizing: Hybrid Work Globally, 16% of companies are fully remote according to an Owl labs study. Even more companies have employees working remotely some of the time. As long as there are COVID outbreaks or the possibility of future pandemics, employers must be prepared. "I anticipate the norm in the Asia-Paci{c region will be a hybrid model, going forward. The hybrid work model is perceived as the best of both worlds, for both employees and employers," says Tanie Eio, Vice President, Human Resources Business Partner at UPS Asia Paci{c. "Increasingly it is also becoming an expectation from today's new and younger workers, who seek greater |exibility. It also allows companies to save on oyce space and explore creative ways to leverage technology and automation to improve productivity." WATCH: Reshaping HR policies to suit post-pandemic workforce with employee well-being in mind Contingent Workers Much like in North America, Asia-Paci{c is experiencing a shift toward a gig economy. As a result, contingent workers are becoming more ubiquitous. For example, India's gig center is likely to grow to $455 billion at a compound annual growth (CAGR) of 17% by 2024, according to ASSOCHAM. Contingent workers have more |exibility and can be the boss of themselves, which is appealing during these uncertain times. Labor Shortage The pandemic forced people to stay in one place, which meant movement and immigration ceased. Australia was strict about closing its borders, for example. As a result, there was little immigration, and this greatly impacted the workforce, says HR thought leader Mofoluwaso Ilevbare, also known as Fofo. In addition, people are reassessing their lives, caring for their families, and focusing on their health and wellness, she adds, and so there are not enough workers for the job openings available. This may correct itself as pandemic restrictions are lifted. For now, however, it remains a reality in many Asia Paci{c countries even if the Great Resignation has not happened at the same magnitude as it has in the United States. WATCH: HR Leader on Being Unstoppable at Work Acqui-Hires Acqui-hires are mergers and acquisitions in which companies purchase another organization for its talent. North American technology companies have long participated in these kinds of M&As. In the wake of the pandemic and labor shortages, the practice became more popular in Asia Paci{c, particularly India. It's a way to get skilled labor in niche areas without having to {nd a CV needle in a haystack. Tags: APAC Asia-Paci{c HR Trends Human Resources HR Hybrid Work Gig Workers Gig Economy Managing Freelancers Remote Work RTO Return To The Oyce AI Arti{cial Intelligence Acquihire Acqui-Hire Labor Shortage DEI Mental Health And Wellness Wellbeing We use cookies and similar technologies to recognize your visits and preferences, as well as to measure the exectiveness of campaigns and analyze trayc. To learn more about cookies, including how to disable them, view our Cookie Policy OK

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